Federal Reserve Chairman Ben S. Bernanke asked Congress to give the Fed immediate authority to pay interest on reserves deposited by commercial banks, seeking to streamline efforts aimed at alleviating credit strains.
The payments would help...
Freddie Mac, State Figures Support Notion that More Housing Woes May Be on
Horizon for Commonwealth
HARRISBURG, Pa., May 16 /PRNewswire-USNewswire/ -- Recent trends in
housing prices in Pennsylvania suggest that larger declines lie...
...S. Bernanke, the Federal Reserve chairman, pushed banks on Thursday to keep raising capital in the aftermath of losses from the credit crisis to avert deeper damage to the economy. “Firms are hunkering down,” Mr. Bernanke said at the Chicago Fed...
...Federal Reserve Board Chairman Ben Bernanke has said banks and securities firms will need to keep raising capital to improve their balance sheet following credit crisis. At the Chicago Federal Reserve, Mr Bernanke said that financial institutions and...
Background
Ben Shalom Bernanke (born December 13, 1953) (pronounced \ber-NAN-kee\, \bər-'nan-kē\ or \bɚ.ˈnæn.ki\), is an American macroeconomist who is the current Chairman of the Board of Governors of the United States Federal Reserve ("the Fed"). He was previously Chairman of the U.S. President's Council of Economic Advisers (CEA), and member of the Board of Governors of the Federal Reserve, serving from August 2002 until just prior to his June 2005 swearing-in as CEA chairman. Bernanke was previously the chairman of the Department of Economics at Princeton University.
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Timeline
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